UiPath, Inc. (NYSE:PATH) Receives Consensus Rating of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has been assigned an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.0667.

Several equities research analysts recently commented on PATH shares. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. TD Cowen cut their target price on UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Wells Fargo & Company cut their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Truist Financial cut their target price on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Finally, UBS Group cut their target price on UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th.

UiPath Stock Performance

NYSE:PATH opened at $10.56 on Wednesday. The company has a market capitalization of $5.53 billion, a PE ratio of 20.31, a P/E/G ratio of 1.71 and a beta of 1.03. The company has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $13.64. UiPath has a fifty-two week low of $9.28 and a fifty-two week high of $19.84.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts predict that UiPath will post 0.32 EPS for the current year.

Institutional Investors Weigh In On UiPath

Several institutional investors and hedge funds have recently made changes to their positions in the business. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of UiPath during the 1st quarter valued at about $166,000. Praxis Investment Management Inc. bought a new stake in shares of UiPath during the 1st quarter valued at about $206,000. QRG Capital Management Inc. bought a new position in UiPath in the first quarter worth approximately $297,000. Moran Wealth Management LLC bought a new position in UiPath in the first quarter worth approximately $159,000. Finally, PFG Investments LLC boosted its holdings in UiPath by 17.4% in the first quarter. PFG Investments LLC now owns 16,388 shares of the company’s stock worth $182,000 after acquiring an additional 2,430 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.